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bridging the “have and have not� money saving tips from the experts


times are tough. the economy is shifting. “we are after all, always trying to keep up with the joneses ..!”

consumers are becoming more savvy with their spending. Under the guidance of major financial institutions, companies and businesses, this compilation of tips and tricks on HOW to save and make your dollar stretch further, is a handy must-keep guide. This compilation will help bridge the gap between the “haves and haves-not”. It will change the way you spend your money, the way you think, remodel your budget, the best way to manage your finances and plan ahead.

start listening. start thinking. start saving.

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table of contents

1. ANZ - savings tips 2. WESTPAC - savings tips from the experts 3. RAMS Home Loan


Whether you are saving for a holiday or a new car, the following money saving tips will help you kick start your savings plan. A dedicated savings account and a savings plan are important to help you reach your goals sooner. You should also look at ways to reduce the fees you pay on your existing accounts. Use the tips for saving below to help you reach your savings goal! Maximise your savings Have a portion of your salary directly deposited into your savings account each pay day. Stick to your budget. Keep your savings separate to your everyday account. Move larger amounts of money into an account that earns higher interest like an ANZ Term Deposit.

Minimise your fees Review the number of bank accounts you have and consider consolidating accounts where possible. Use "fee free" services where possible. Investigate fee exemptions or packages. Use ANZ branded ATMs. Don't write cheques.

Have a savings plan Set your savings goals Use the Financial Jargon Buster. 4


Westpac's tips for saving

money

Are you having problems saving your cash? Check out Westpac's tips for how you can increase your bank balance:

• • • • • • •

•Try withdrawing a set amount of cash per week and making it last the whole week or longer. You may also save on bank transaction fees •Aim to have at least three months of your living expenses put aside as your 'emergency fund'. Use this for medical emergencies, or if you have a sudden loss of income •Insure the things you can't afford to replace, and think about insuring one of your most important assets: your income •Spend some, save some. Don't forget to pay yourself even if you start with just small amounts.  Try to continue your saving habits even if you have a mortgage Start saving for retirement early. The power of compounding interest makes a huge difference over a long period of time and can help you reach your saving goals much faster Talk to your bank about the right account for your spending plan, or change your spending plan to suit the lowest cost option Save money on bank fees by using online banking. It's a great tool for managing your own money as you can do it anytime, anywhere Get kids started early - teach them when they're young about the value of money and how to make it grow Encourage them to save up for the things they want Don't encourage 'buying now then paying off later' behaviours Explain interest - earn when you save, pay when you borrow


Winter is here, but that’s no reason to get the blues. These tips can help you save energy and money in your new home June represents the first month of winter in the southern hemisphere. But for many Australians, it isn’t really a big deal. In fact, if you’re lucky enough to live in the tropics, you’d barely notice it was here at all, as cold is hardly an issue in your part of the country. Others, though, will have felt a distinct chill in the air of late. Which means needing to stay warm – which in turn means needing to spend energy (and money) staying warm. This may even be your first winter in your new home, or you may be thinking about buying your first home and, in the interests of budgeting, want to know how to stay toasty and roasty without spending a fortune or unnecessarily hurting the planet. Either way, we hope you find these tips (from the NSW Government) useful… Energy-efficient heating – Use zoned central heating, high-efficiency space heaters or radiant heaters and you could save 40 per cent on your heating power use.

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Rug up – Wearing warmer clothing and putting an extra blanket on beds means you don’t have to have your heater turned up so high. Decreasing your temperature setting by just one degree can reduce your power consumption rate by up to 15 per cent. Block off heat loss – When your heating is on, make sure you always shut windows and doors and close curtains, especially at night. A window can lose 10 times as much heat as an insulated wall of the same size. Zone your home – Use doors to divide spaces into smaller areas. It takes less power to heat a specific area rather than the entire house. Use curtains – Curtains, particularly thick ones, minimise heat loss on winter nights. Draught proof – Sealing gaps and using draught excluders on doors makes a home more comfortable and saves on power bills. Install insulation – Up to 35 per cent of heat loss from a house can be due to an uninsulated ceiling. Insulation keeps a home warmer in winter and allows heating to operate more efficiently.


start thinking. start listening. start saving.

no1Homes - money saving tips  

Money saving tips from financial institutions and businesses. This is draft only.

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